Equities analysts expect Oracle Co. (NYSE:ORCL) to report earnings per share (EPS) of $0.72 for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Oracle’s earnings, with the lowest EPS estimate coming in at $0.71 and the highest estimate coming in at $0.74. Oracle reported earnings per share of $0.69 in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.3%. The business is scheduled to announce its next quarterly earnings report on Wednesday, March 21st.
According to Zacks, analysts expect that Oracle will report full year earnings of $2.94 per share for the current financial year, with EPS estimates ranging from $2.90 to $2.98. For the next fiscal year, analysts forecast that the company will post earnings of $3.17 per share, with EPS estimates ranging from $3.02 to $3.36. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Oracle.
Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The firm had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS.
ORCL has been the topic of several research reports. Canaccord Genuity dropped their price objective on shares of Oracle from $57.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, December 15th. Wedbush reiterated a “buy” rating and issued a $58.00 price objective on shares of Oracle in a research note on Friday, December 15th. Vetr lowered shares of Oracle from a “buy” rating to a “hold” rating and set a $51.82 price objective on the stock. in a research note on Wednesday, January 17th. JPMorgan Chase & Co. set a $55.00 price objective on shares of Oracle and gave the company a “buy” rating in a research note on Tuesday, December 12th. Finally, ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $55.38.
Oracle (ORCL) opened at $49.80 on Tuesday. The firm has a market cap of $204,620.53, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04. Oracle has a 12 month low of $42.25 and a 12 month high of $53.14.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Tuesday, January 9th. Oracle’s dividend payout ratio is currently 32.62%.
Oracle announced that its board has initiated a stock buyback program on Thursday, December 14th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
In other Oracle news, insider Thomas Kurian sold 1,700,000 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $50.29, for a total value of $85,493,000.00. Following the completion of the sale, the insider now directly owns 1,522,983 shares of the company’s stock, valued at approximately $76,590,815.07. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the completion of the sale, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,956,250 shares of company stock valued at $98,316,475. 29.00% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of ORCL. Acrospire Investment Management LLC lifted its holdings in shares of Oracle by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after acquiring an additional 1,800 shares during the period. Burt Wealth Advisors lifted its holdings in shares of Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares during the period. Tarbox Family Office Inc. lifted its holdings in shares of Oracle by 71.1% during the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after acquiring an additional 965 shares during the period. IHT Wealth Management LLC lifted its holdings in shares of Oracle by 65.9% during the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after acquiring an additional 947 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of Oracle by 81,200.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after acquiring an additional 2,436 shares during the period. 58.36% of the stock is owned by hedge funds and other institutional investors.
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Oracle Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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